Koppers Holdings Inc. Forecasted to Post Q3 2024 Earnings of $1.41 Per Share (NYSE:KOP)

Koppers Holdings Inc. (NYSE:KOP) – Equities research analysts at Barrington Research dropped their Q3 2024 earnings estimates for shares of Koppers in a report issued on Monday, May 6th. Barrington Research analyst G. Prestopino now forecasts that the specialty chemicals company will post earnings of $1.41 per share for the quarter, down from their previous estimate of $1.52. Barrington Research currently has a “Outperform” rating and a $64.00 target price on the stock. The consensus estimate for Koppers’ current full-year earnings is $4.51 per share. Barrington Research also issued estimates for Koppers’ Q4 2024 earnings at $1.19 EPS, Q1 2025 earnings at $0.72 EPS and Q4 2025 earnings at $1.22 EPS.

Separately, Singular Research upgraded shares of Koppers from a “hold” rating to a “buy” rating and set a $67.50 target price for the company in a research report on Wednesday, March 13th.

Koppers Stock Up 3.0 %

Koppers stock opened at $44.40 on Wednesday. The firm has a market capitalization of $933.73 million, a P/E ratio of 12.51 and a beta of 1.86. The company has a 50-day simple moving average of $53.47 and a 200-day simple moving average of $48.95. Koppers has a one year low of $28.45 and a one year high of $58.23. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.00 and a current ratio of 2.29.

Koppers (NYSE:KOP) last announced its quarterly earnings results on Friday, May 3rd. The specialty chemicals company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $497.60 million for the quarter, compared to analysts’ expectations of $497.00 million. Koppers had a return on equity of 17.19% and a net margin of 3.59%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 EPS.

Koppers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 24th will be given a $0.07 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.28 dividend on an annualized basis and a yield of 0.63%. Koppers’s dividend payout ratio is presently 7.89%.

Insider Buying and Selling at Koppers

In other Koppers news, COO James A. Sullivan sold 700 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $54.01, for a total transaction of $37,807.00. Following the sale, the chief operating officer now directly owns 111,192 shares in the company, valued at approximately $6,005,479.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO M Leroy Ball sold 5,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $53.51, for a total value of $267,550.00. Following the completion of the sale, the chief executive officer now owns 323,080 shares in the company, valued at $17,288,010.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO James A. Sullivan sold 700 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $54.01, for a total transaction of $37,807.00. Following the completion of the sale, the chief operating officer now owns 111,192 shares in the company, valued at $6,005,479.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,591 shares of company stock valued at $1,700,094. Company insiders own 6.55% of the company’s stock.

Institutional Trading of Koppers

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Koppers during the 4th quarter valued at $26,000. AJOVista LLC acquired a new position in shares of Koppers in the 4th quarter valued at $62,000. Quantbot Technologies LP purchased a new position in Koppers in the 3rd quarter worth about $88,000. SG Americas Securities LLC acquired a new stake in Koppers during the 1st quarter worth about $136,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Koppers in the third quarter worth about $209,000. 92.75% of the stock is currently owned by institutional investors.

Koppers Company Profile

Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.